UNIVERSITY OF WOLLONGONG 
ECON339: Applied Economic and Financial Modelling 
Comprehensive Study and Exam Preparation Guide for 2026 
 
- Part 01. About This Guide 
- Part 02. Sample Final Examination Paper 
- Part 03. Suggested Solutions to Final Exam Paper 
- Part 04. Final Examination - Hints and Tips 
 
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University of Wollongong - ECON339: Applied Economic and Financial Modelling

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ACADEMIC YEAR 2025 - 2026

University	University of Wollongong
Study Level	Undergraduate
Subject Code	ECON339
Subject Name	Applied Economic and Financial Modelling
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	30

This comprehensive exam guide helps you familiarise yourself with the content and format of the final exam for ECON339: Applied Economic and Financial Modelling at the University of Wollongong. It covers all examinable content, explains how the exam is structured, and highlights the topics to prioritise. You can practise with exam-style papers, full solutions, step-by-step explanations, and practical hints and tips, all arranged in a clear, logical order to support fast revision under time pressure.

This subject enables students to apply econometric modelling techniques to analyse contemporary finance and economics issues. Students will learn the fundamentals of econometric modelling and numerous modelling techniques and methods, utilise specialised econometric software to apply to real world finance and economic data, and apply various hypothesis tests of models' usefulness and adequacy. The subject covers simple and multiple linear regressions, hypothesis testing, and assumptions underpinning the classical linear regression model. It then provides an in-depth analysis of model diagnostics, time-series modelling and forecasting, dealing with stationary and non-stationary data, and modelling financial market volatility.

✔ Learning Outcomes:

On successful completion of this subject, you will be able to:

critically appraise important financial econometric methods in order to interpret estimation results, their applications, and limitations;
explore standard asset pricing models in the framework of the general linear regression model;
apply econometric modelling techniques to analyse contemporary finance and economics issues;
provide an in-depth analysis of model diagnostics, time-series modelling and forecasting, dealing with stationary and non-stationary data, and modelling financial market volatility; and,
apply EViews software package to conduct various econometric tests, estimation, and forecasting.

SUBJECT CODE	SUBJECT NAME
ACCY111	Accounting Fundamentals in Society
ACCY121	Accounting for Decision Making
ACCY200	Financial Accounting
ACCY201	Advanced Financial Accounting
ACCY211	Management Accounting
BUS 121	Statistics for Business
ECON100	Economic Essentials for Business
ECON205	Macroeconomic Theory and Policy
ECON215	Microeconomic Theory and Policy
ECON339	Applied Economic and Financial Modelling
FIN 111	Introductory Principles of Finance
FIN 222	Corporate Finance
FIN 223	Investment Analysis
FIN 226	Financial Markets and Institutions
FIN 322	Advanced Corporate Finance
LAW 101	Introduction to Law
MARK101	Marketing Principles
MGNT201	Organisational Behaviour
STAT101	Introduction to Statistics
STAT201	Random Variables and Estimation
STAT251	Fundamentals of Biostatistics
STAT332	Generalised Linear Models

University of Wollongong - ECON339: Applied Economic and Financial Modelling

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